Quadrant Private Wealth Management LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 15.7% in the 1st quarter, HoldingsChannel reports. The firm owned 62,082 shares of the transportation company’s stock after acquiring an additional 8,439 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in Delta Air Lines were worth $4,127,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Atlas Wealth LLC purchased a new position in Delta Air Lines in the 1st quarter worth about $35,000. Cornerstone Planning Group LLC lifted its stake in Delta Air Lines by 69.7% during the first quarter. Cornerstone Planning Group LLC now owns 889 shares of the transportation company’s stock valued at $63,000 after buying an additional 365 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Delta Air Lines by 3.3% in the first quarter. Assetmark Inc. now owns 43,299 shares of the transportation company’s stock worth $2,878,000 after buying an additional 1,373 shares during the period. Main Street Group LTD acquired a new position in shares of Delta Air Lines in the first quarter worth about $36,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Delta Air Lines by 105.3% in the first quarter. Bessemer Group Inc. now owns 39,018 shares of the transportation company’s stock worth $2,595,000 after buying an additional 20,012 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.
Delta Air Lines Trading Down 2.9%
Delta Air Lines stock opened at $84.15 on Friday. The company’s fifty day simple moving average is $82.50 and its 200-day simple moving average is $73.05. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. Delta Air Lines, Inc. has a 12 month low of $50.44 and a 12 month high of $95.68. The stock has a market cap of $55.34 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.07 and a beta of 1.29.
Delta Air Lines Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, July 9th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is currently 14.26%.
Analysts Set New Price Targets
DAL has been the topic of a number of recent analyst reports. Raymond James Financial lowered shares of Delta Air Lines from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $80.00 to $104.00 in a report on Monday, July 6th. Morgan Stanley raised their price objective on shares of Delta Air Lines from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. BNP Paribas Exane cut their target price on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Benchmark restated a “buy” rating on shares of Delta Air Lines in a report on Wednesday, July 8th. Finally, BMO Capital Markets raised their target price on Delta Air Lines from $80.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Twenty-three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $100.40.
Check Out Our Latest Report on DAL
More Delta Air Lines News
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Delta and United both posted better-than-expected Q2 results, reinforcing that travel demand remains resilient and helping improve sentiment toward airline shares. Delta vs. United Airlines Stock: Which Is the Better Buy After Q2 Earnings?
- Positive Sentiment: Delta is being viewed as a beneficiary of strong fare pricing, especially in premium travel, which could support revenue and earnings even if overall demand normalizes. Delta’s Higher Fares And Shelf Offering Could Be A Game Changer For Delta Air Lines (DAL)
- Positive Sentiment: Another article highlighted that Delta is resetting fares higher as premium and corporate travel holds up, suggesting pricing power remains intact despite higher fuel costs. Delta (DAL) Is Resetting Fares Higher As Premium Travel Demand Holds Up
- Positive Sentiment: Industry commentary also pointed to Delta as a long-term momentum name, which can add to bullish investor interest after recent earnings strength. Why Delta Air Lines (DAL) is a top momentum stock for the long term
- Neutral Sentiment: Peers are still warning that higher jet fuel costs could pressure margins, so investors are balancing stronger demand against a potentially tougher cost backdrop. UAL Q2 Earnings Beat as Strong Yields Offset Fuel Pressure
- Neutral Sentiment: San Antonio’s airport expansion plan is a broader infrastructure development story and is not a direct catalyst for Delta, though it reflects continued airport investment in the travel market. San Antonio to Borrow $944 Million for Major Airport Expansion
- Negative Sentiment: News about Delta extending refund-policy flexibility on some international routes underscores ongoing geopolitical disruption that could weigh on operations and booking trends. Major airline extends refund policy for Dubai flights
Insider Transactions at Delta Air Lines
In other news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total value of $395,000.00. Following the sale, the executive vice president owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,331 shares of company stock valued at $5,036,638 over the last ninety days. Company insiders own 0.80% of the company’s stock.
About Delta Air Lines
Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.
The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.
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